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Sam Altman-backed network infrastructure startup Meter raises $170M
- Meter Inc., a network infrastructure startup, raised $170 million in funding led by General Catalyst.
- Investors in this round include Baillie Gifford, J.P. Morgan, Microsoft Corp., and Sequoia Capital.
- The company automates the process of connecting new offices to corporate networks using its networking devices.
- Meter offers switches, wireless access points, PDUs, and cybersecurity appliances.
- The startup supplies, installs, and manages networking equipment for its customers.
- It provides a software platform for automated issue resolution and troubleshooting.
- Meter is developing an AI model to automate more tasks and has high-profile customers like Lyft and Reddit.
- The company plans to focus on data center adoption and international expansion with the new funding.
- Meter aims to grow its hardware presence in the market.
- The investment will also support the development of its AI troubleshooting capabilities.
- Meter's model uses billions of parameters and data collected from its network infrastructure.
- Microsoft, one of the investors, is supplying tens of thousands of graphics cards for training the AI model.
- The company intends to enhance its observability tools and network security features.
- Meter's technology helps prevent malware spread in corporate networks.
- The company's platform can switch between internet providers in case of technical issues.
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